As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company’s generous dividends could also be on the horizon. Switzerland’s biggest insurer …
Zurich Insurance Group AG’s Chief Executive Officer Martin Senn resigned, acknowledging “setbacks” in recent months as losses forced the company to abandon a high-profile takeover bid for RSA Insurance Group Plc. Chairman Tom de Swaan has been named interim CEO …
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the “limited potential” for profitable growth. The decision to exit general insurance in the region follows a …
Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are as follows: Karl Helgesen was named U.K. chief claims officer, effective December 2015, as Tony Emms leaves the business UKGI …
Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to almost $2 billion, according to filings by 26 …
Zurich Insurance Group AG is seeking to replace Chief Executive Officer Martin Senn after third-quarter losses forced it to abandon its bid for Britain’s RSA Insurance Group Plc, according to a Swiss business magazine. Switzerland’s biggest insurer has hired the …
Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company said in a statement to Bloomberg News …
Zurich Insurance Group AG would rather invest the company’s $3 billion in excess capital on acquisitions than return the cash directly to shareholders, Chief Financial Officer George Quinn said in an interview on Thursday. “Obviously we would like to invest …
Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly North American auto and construction …
Swiss Re AG, the world’s second-largest reinsurer, posted a 13 percent increase in third-quarter profit after allowing for $250 million in losses from the chemical warehouse explosions in the Chinese city of Tianjin in mid- August. Net income climbed $1.4 …
